Item Coversheet



BOCC AGENDA ITEM


Item Title:HRA - Pre-Funding Agreement w/ PayFlex
Date:12/21/2022
Department:Human Resources
Background:

On September 7, 2022 Human Resources brought forward a recommendation from the Insurance Committee, for plan year 2023, which included the addition of a Health Reimbursement Account for those employees electing either the ACO2500, HNO1000 or OAMC1500 plan.  This would provide a debit card for each eligible employee which would allow for for a one-time amount of $500 to assist in offsetting out-of-pocket expenses while using their medical plan.  

 

At that meeting the BOCC approved the addition of the HRA for plan year 2023.

Request:
Approve and authorize the Chairman to sign Contract No. CM3291 with PayFlex which establishes a pre-funding agreement for the Health Reimbursement Account with Nassau County.  
Financial/Economic Impact to Future Years Budgeting Process or Effect on Citizens:
The one-time funding of $500 per eligible employee is currently included in the approved 2022-2023 departmental budgets.
Action Requested and Recommendation:
Approve and authorize the Chairman to sign Contract No. CM3291 with PayFlex which establishes a pre-funding agreement for the Health Reimbursement Account with Nassau County.  
Is this action consistent with the Nassau County Comprehensive Land Use Plan?
NA
Funding Source:
Currently budgeted in the 2022-2023 departmental budgets. 

Additional Information Needed for Contracts/Agreements (If Applicable)
Contract Number assigned by Contracts Management:
CM3291
For non-governmental agencies, has the document been sent to the vendor for signature?
Yes, not yet received.
Does the document need to be recorded? If so, who will pay the recordation fee?
No
Are there any special mailing instructions? (Include contact name, address, deadline for submittal, how to mail such as express mail, FedEx, etc):
Please return a copy to Human Resources via Email is acceptable to Ashley Metz, ametz@nassaucountyfl.com. 
How many originals are needed?
1

ATTACHMENTS:
DescriptionUpload DateType
PayFlex Pre-Fund Agreement12/6/2022Cover Memo